Pages:
Author

Topic: How is it possible to squander $18 millions ? - page 3. (Read 4137 times)

sr. member
Activity: 1456
Merit: 251
September 30, 2015, 03:30:45 AM
#13
haha yea

they tried to scam their own scam, yes?
i wonder how their brain works
would love to open one , one day.... just to see how theirs work haha ^^
full member
Activity: 196
Merit: 100
September 30, 2015, 03:27:11 AM
#12
They think that anyone can be a Satoshi N....

Satoshi N. pulled off his project with no budget or investors.

These guys cant get their shit together even with millions of dollars.

Goes to show how Amazing the actual bitcoin project is!
sr. member
Activity: 1456
Merit: 251
September 30, 2015, 03:09:42 AM
#11
haha these kind of things just make me laugh...
realy in all kinds of domains
the fools
haha
hero member
Activity: 658
Merit: 500
September 30, 2015, 03:04:12 AM
#10
They have nothing to show for it either do they. This is an obvious scam and always was going to be. Yeh I know people made money etc etc $18 million was easy to squander when you spend it on wages to yourself to buy up 2nd homes, holidays, investments, partys and add whatever else you think. Oh then add 5% to market the scam and $18million was easily spent.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
September 30, 2015, 02:56:33 AM
#9
They're spending over $400,000 a month at present. That's a fine effort.

They had a lot a coins but really not that much to single handedly ravage the market. People have dumped similar amounts to their entire total in one swoop.

Yes, $400,000 a month and there is no even a simple working wallet for people to keep their funds at 20 months later. And now they are calling the community for help since they are running out of cash!

Really no comment!
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
September 29, 2015, 08:16:32 AM
#8
They're spending over $400,000 a month at present. That's a fine effort.

They had a lot a coins but really not that much to single handedly ravage the market. People have dumped similar amounts to their entire total in one swoop.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
September 29, 2015, 08:07:11 AM
#7
What did they get? 30k BTC or so?
That can be absorbed in a day.
legendary
Activity: 966
Merit: 1000
In holiday we trust
September 29, 2015, 05:02:26 AM
#6
$18 million easy to squander you got to account for weekly cocaine deliveries, high class prostitues, jacuzzis, indoor cinema, massage service, bar, sports cars (just for show of course, a company yacht and of course high class toffs that just sit there in the saville row suits.
full member
Activity: 210
Merit: 100
September 29, 2015, 04:49:32 AM
#5
I know this might be the topic about the alt, but I think that this is directly related to the Bitcoin price as well. So if possible, I would like that it is not moved to the alt section by the mods.

Ethereum is apparently out of money!

https://blog.ethereum.org/2015/09/28/the-evolution-of-ethereum/

Majority of dumping might be caused by the Ethereum guys in the past 20 months. How the hell you spend this amount of money already and you jeopardize your entire project? And in the process, you have also put enormous pressure on the Bitcoin price in the last 20 months.

The most easiest answer, it's a P&D. They used vitalik for endorsement.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
September 29, 2015, 02:57:47 AM
#4
Squander might not be the right word, but it's not hard to burn through $18 million while trying to run a business.

Also, sounds like they sold off after the drop - although their claim that they lost value due to the drop could just be a convenient excuse to explain some frivolous spending. I'd love to think that that was the reason for the drop, but it's probably not the only reason.

It's definitely not the only reason for the Bitcoin price drop, but they have added a lot of pressure, that's for sure.

About the Ethereum, I must say I am disappointed. 20 months of development, all that money that they have raised and at the end we haven't even seen a normal wallet and now this announcement! There goes trust out of the window for me!
sr. member
Activity: 462
Merit: 250
I can draw your avatar!
September 29, 2015, 02:49:22 AM
#3
They hoped for a pump and dump on their own crypto, but couldn't pull it off, depended too much on the Bitcoinprice to rise and their own coin to tailgate on it.. that is what happened... where the $18 million went? a nice office, some fancy new phones, company cars and a gold plated executive bathroom...
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
September 29, 2015, 02:40:46 AM
#2
Squander might not be the right word, but it's not hard to burn through $18 million while trying to run a business.

Also, sounds like they sold off after the drop - although their claim that they lost value due to the drop could just be a convenient excuse to explain some frivolous spending. I'd love to think that that was the reason for the drop, but it's probably not the only reason.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
September 29, 2015, 02:34:51 AM
#1
I know this might be the topic about the alt, but I think that this is directly related to the Bitcoin price as well. So if possible, I would like that it is not moved to the alt section by the mods.

Ethereum is apparently out of money!

https://blog.ethereum.org/2015/09/28/the-evolution-of-ethereum/

Majority of dumping might be caused by the Ethereum guys in the past 20 months. How the hell you spend this amount of money already and you jeopardize your entire project? And in the process, you have also put enormous pressure on the Bitcoin price in the last 20 months.
Pages:
Jump to: